TSUKISHIMA KIKAI CO.,LTD. Stock Forecast
Stronger technical forecast for TSUKISHIMA KIKAI CO.,LTD. stock price after Thursday trading.
(Updated on Apr 25, 2024)
The TSUKISHIMA KIKAI CO.,LTD. stock price fell by -1.49% on the last day (Thursday, 25th Apr 2024) from JP¥1,410.00 to JP¥1,389.00. During the last trading day the stock fluctuated 1.15% from a day low at JP¥1,387.00 to a day high of JP¥1,403.00. The price has fallen in 6 of the last 10 days and is down by -4.14% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -800 shares and in total, 35 thousand shares were bought and sold for approximately JP¥48.48 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,381.78 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.02% during the next 3 months and, with a 90% probability hold a price between JP¥1,451.10 and JP¥1,607.76 at the end of this 3-month period.
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6332.T Signals & Forecast
There are mixed signals in the stock today. The TSUKISHIMA KIKAI CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,396.00 and JP¥1,417.83. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 1.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TSUKISHIMA KIKAI CO.,LTD. stock
TSUKISHIMA KIKAI CO.,LTD. finds support from accumulated volume at JP¥1,386.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥16.00 (1.15%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: JP¥1,309.98 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (6332.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect TSUKISHIMA KIKAI CO.,LTD. to open at JP¥1,393.00, and during the day (based on 14 day Average True Range), to move between JP¥1,352.40 and JP¥1,425.60, which gives a possible trading interval of +/-JP¥36.60 (+/-2.64%) up or down from last closing price. If TSUKISHIMA KIKAI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,386.00 (0.22%) than the resistance at JP¥1,431.00 (3.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TSUKISHIMA KIKAI CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TSUKISHIMA KIKAI CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.971 Buy Candidate Upgraded
Predicted Opening Price for TSUKISHIMA KIKAI CO.,LTD. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥1,393.00 ( 0.288%) | JP¥1,389.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6332.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,409.00 | 1.44 % | |
| R2 | 1,402.89 | 1.00 % | ||
| R1 | 1,399.11 | 0.728 % | ||
| Current price: | 1,389.00 | |||
| Support | S1 | 1,386.89 | -0.152 % | |
| S2 | 1,383.11 | -0.424 % | ||
| S3 | 1,377.00 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,483.00 | 6.77 % | |
| R2 | 1,466.00 | 5.54 % | ||
| R1 | 1,431.00 | 3.02 % | ||
| Current price | 1,389.00 | |||
| Support | S1 | 1,386.00 | -0.216% | |
| S2 | 1,375.00 | -1.01% | ||
| S3 | 1,304.00 | -6.12% |
6332 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.466% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 1.69% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 1.65% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥12.00 | 1.03% |
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